llyods tsb shares

dealsearcher

BarleyGB wrote: »

I doubt very much whether Fridays correction can be attributed to Eds remarks, more likely that it was the end of a sustained rise and some profit taking before the weekend. Market down today on various other news.

So many variables in play you just cant attribute small moves to relative inconsequential comments.

The 'correction' started on the Thursday, continued on the Friday and has continued today. The Ed Milliband speech would have been known to the major investors on the Thursday and in fact Robert Peston was already reporting what Ed Milliband was intending to say on the Thursday.


Radio 4 was questioning Chuka Ummuna on the Friday morning Today programme and were incredulous at the Labour Party - asking if they did not realise that their comments would cause a fall in the share price.


This is not a 'small move' in the share price. A fall from 86.7p to 83p is a fall of over 4%.


As a comparison Shell came out with a profits warning and their share price fell 3%. This was considered dramatic. Since then the Shell share price has been recovering back towards it's previous price.


The Lloyds share price has not recovered and is still down at around 83p. A considerable loss to the tax payer at the next government Lloyds share sell off is now inevitable unless the share price recovers rapidly over the next couple of weeks.

Masomnia

It's hundreds of millions of pounds. I'm sad more hasn't been made of this in the press. He should stand down!

mark55man

I am afraid you are mistaken - if it was that easy to predict and allocate share price movements we would all be millionaires.

My view is that it is much more likely to be connected with the fact that Deutsche Bank just admitted significantly worse figures than expected - possibly also market makers taking an opportunity to shift the price for commercial gain (ie by sc*wing with retail investors)

In terms of volatility (as a long term follower of Lloy and frequent looker at daily price movements) the move you are getting worked up about is actually relatively small fry and will come back relatively quickly and possibly be lost again - that's the scoop of it

I wish you would all stop suggesting politicians have so much power over the markets - we all know the city bankers have been running rings round them for years - and it only encourages them

Masomnia

I don't know, Lloyds has massively underperformed the sector since the announcement. Problems with banking generally don't explain that.

Thrugelmir

Bad news for the banking sector keeps on rolling out.

Deutsche Bank has reported a surprise loss for the fourth quarter of 2013, after releasing its latest results before they were expected.

Overall Deutsche said it posted a pre-tax loss of 1.153bn euros for the final quarter of 2013.

The bank said that litigation costs and restructuring had weighed heavily on its financial performance.

dealsearcher

It's amazing how many different viewpoints there are about all share prices. Let's see what happens with Lloyds ...


If it bounces back up I'm sure many would be pleased - in fact all UK tax payers and service users would be pleased for a start. That is a lot of people.

mark55man

Hurray - its massively outperforming the sector today - nice one Ed

dealsearcher

mark88man wrote: »

Hurray - its massively outperforming the sector today - nice one Ed

It's up a little. Currently around 83.7p. That is still 3p down (4%) on last Wednesday. Now Standard Chartered is up nearly 3% and that is outperforming the sector. I wouldn't say Lloyds is though.


Just moved down to 83.5p!

Thrugelmir

dealsearcher wrote: »

Now Standard Chartered is up nearly 3% and that is outperforming the sector.

Share price has been bouncing up and down over recent months.

dealsearcher

Thrugelmir wrote: »

Share price has been bouncing up and down over recent months.

Standard Chartered now up 6%. That's one hell of a bounce!